 Welcome to Access to Trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability, and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey guys, good evening everybody. Welcome to another edition of theaxisandtrader.com. Nightly wrap-up show. Hope everybody is doing well. If you are brand new to the channel, thank you once again. I really truly appreciate the viewership. Like, subscribe, and share with some friends so we can continue on this journey. So let's talk about the market. You know, stop me if you heard this before. The market is strong. That's it. That's the video, right? That's literally the video. It's very tough to continue to find different angles and different points of view of the actions going on. Look, eventually this market is going to stop. There's going to be an aggressive rug pull. Is that going to happen tomorrow? The next day, the day after, the day after that, maybe next week, the following Monday. Who the hell knows? But the point is, every single day, it's exactly the same thing. Either the market gaps and goes or the market opens up lower, grinds down, traps shorts at the bottom range, takes out the previous range and explodes again. And you look at the same names over and over and over again in the video going absolute nuts. Google going absolutely nuts, right? I mean, it's the same names over and over again. Microsoft continues to go nuts. Amazon, which was really good in the last 12 hours or so. Really, really great move. We talked about it last night on the video. The big number off the 114 level looks really, really good. S&P continues going absolute nuts. All the semi-conductors. You look at that. You look at the semi-conductor names. They're all starting to break out. Even the SPX, we'll use the SPY as a proxy, finally got above the range here that started a couple of weeks ago with consolidation with more bad news in the banking space. Even the S&P, this is the highest flows in this whole formation that started going back to April the 5th. So that's it. The market is good. That's the best way of saying it. We've been talking about it all week about the debt ceiling. They've been talking about the debt ceiling for years, years, years. Every single time they come to this chicken and the road type of scenario, they always come to a common ground and the debt ceiling thing goes away. The market quote-unquote was updated because of debt ceiling resolution could be on kind of coming on the horizon. Look, who doesn't think it's going to get done? It's been done every single time it's been on the case. That's basically it. The market continues to go strong. Again, you could do yourself two favors. Either stop complaining. You're burning mental equity or participate in this rally. Again, like I said a couple of minutes ago, eventually this market will get pulled. It's just obvious gravity will kick in and gets pulled. But here's kind of how you avoid that rug pull. First of all, every single day you have to come in with a clear mind, clear path to the goal line, and clear research. That research doesn't mean you're buying the stock after a nine-day run-up. You don't want that stock. That's the stock that eventually is going to get pulled. So in the video, it's arguably the strongest stock on the board right now. The stock broke out right over here. It broke out on April the 24th. It did not break out today. It broke out April the 24th. This was roughly 27 points ago in a month or so. Roughly 27 points. The higher it goes, the higher probability eventually you'll get pulled. So you don't want to start entering trades. In other words, if your first trade today on the video through this 27-point move was at 300 today, you got lucky and you're doing it wrong. It's just reality. You want stocks that are coming out of bases, very, very tight bases, off of a bottom range, or a consolidation. For example, what's the day without me not screwing up a trade? Do you guys remember Meta yesterday? Meta, again, it was tight. Super, super tight. I said, listen, if it could reclaim, it can go. Of course I lost money on Meta today because the stock trades like Satan. But I did come to a good conclusion on this thing. Meta, you could only buy into weakness, into rising support. If you don't buy into rising support, you're going to do what I did today. I bought it into strength. The stock went up 30 cents and went down $1. It got me out of the trade. Not a big loss. There's nothing to do about the money. It's only a buck. But the point is later, it kind of held the rising 60-minute support. And guess what? The stock rallied $3 from my entry. Right? Another day of screw-up. Before you take out the violin, it was a super day. Super-duper day. We'll get to the pivots in a second. But more important is how you approach the day. And I think one of the most important parts of today's session was what we talked about last night on Tesla. If you guys remember, last night they had their event. They had their event, their Q&A session. Elon Musk did the rounds on CNBC and all that good stuff. And I came into today's session and I said, well, what happens if they don't pull it on the bottom of the range? Right? You always have a plan. You always have an opinion. But like I say on every single video that we do, don't you have to owe it to yourself to be prepared on both sides of the market? And although my plan today was while they get rid of, if they stuff the gap and it goes right in the day, this whole 63, 50, 63 level, it was going to be a huge potential trade. That never happened. Guess what? There's an other side of the trade. And the other side of the trade was 170 and a half, 171, it needs to build. And Tesla took off. I think all of us were pretty pleased with the trade. Not only did it get above that 70 and a half, 71, it never doubted it from there, which was a phenomenal trade. I thought that there was a shot it could get to 74, 75. It got right in between 74 and a half. Is this Tesla out of the woods? No, of course not. It's not. It's still below the 50-day moving average. One of the very few stocks that are still under the 50-day moving average. But it's a really good step. I would have preferred the trade to the bottom because it was more room. But again, you get the market that you want, not the market. Well, excuse me, you get the market that you get, not the market that you want. But ultimately, the most important part, and I thought this was the most important trade of the day, not because it was the biggest mover, but because we were prepared on both sides and I always tell everybody, don't fall in love with the stock. I love Tesla, but I don't love Tesla to go long all the time. I love Tesla because it's the greatest stock to trade. And that's the whole point, the trade. And if you are prepared on both sides, that means you have no emotion, you have no expectations, and you are prepared for major potential on both sides of the range. Again, like I said, I would have wanted a bigger move to the downside. Absolutely. But again, when that doesn't happen, all your emotions, all your opinion goes away. Price action takes place. And so it took out the 70 and a half, 71 level, and traded right to suppliers. You can see this Bollinger Band slash the 50 day EMA into supply, which is a really, really good trade. So most important part, especially for new traders, again, have a plan, right? And I've said this all the time. Don't be afraid to be wrong. If you're trying to build up an audience to show everybody how smart you are, you're in the wrong business. Nobody cares. Nobody cares about calls and this and that. The job title is being a savvy money manager, not to be the smartest guy in the room. And if you are the smartest guy in the room, that means you're the loudest guy in the room. That means you're telling everybody how smart you are. And everybody knows there's nobody smart that tells everybody all day how smart they are. So again, zip it. But all that said, really, really good move. Really good move. We were prepared. And that's all you could ask of yourself every single day. Let's continue, right? Market exploded today. Nearly 1.5% moves on all the index, a little bit of below. NASDAQ was up about 1.3%. The Dow was up about 1.3% in four hundred points. So this massive rally just continues. Again, I avoid the stocks that are up nine days in a row. I'm looking for deep channel ranges. And that's exactly if you look at every single pivot today, it had deep channel ranges. And what I mean by that is either coming off the bottom or coming off the middle. They're not making their seven, eight, nine day run. So let's talk about the day. Really aggressive crowd, right? 136 needs to build. Again, we're not looking at crowd. Somebody asked me, what do you think of snow versus crowd? And I said, right? Snow broke out above here, right? So again, it's been on a great, great run. But I don't want this up here. The trade was here or here, right? It's not here. But a name like crowd, which is in the same space, gave exactly the same type of potential, right? It's coming out of a middle channel. I think we talked about crowd the last couple of days. If not, I apologize. I forgot what I talked about in the video during the webinar. This is a phenomenal move, man. You got a $3 move, no down ticks. I mean, that's a beautiful, beautiful trade. Here's the whole range here. It got rejected 136 three times. It took out the 36. And again, the whole point of this PS60 theory is stocks trade from supply to supply and demand to demand. So again, took out 36 and stopped right on supply at 139. Obviously, next big level here is going to reclaim this 4041 level for the next leg up. But a beautiful move. Absolutely beautiful move. Meta, again, I, anyway, Meta is a 143, a 243, okay? However, I screwed up this trade. It is one of this. Sometimes you just can't buy certain stocks. You just can't buy into strength. And I'm learning more and more about that on Meta. So again, it took out this whole range here. Got above the 240, 30 level. It went up a little like 30, 40 cents came king down. And then later ran up about $3. This thing, guys, watch this thing for tomorrow. If there is, and I don't have any right now, obviously, you know, it ran up $3 down there, but that's okay. Okay, I chose not to go back in. I'm okay with that. But tomorrow I am definitely watching Meta. If it opens up lower into rising support, I want to watch Meta. Because again, look how close it is to the top of the range here from the highest from the beginning of the month. And if this thing starts confirming the highs in the beginning of the month, man, this thing could really, really take off. That's the only weakness. Am I watching Tesla into tomorrow unless some massive option flow comes in with short term like 250, 255 weekly calls. ACVA, I never got there. Airbnb, never got there. Amazon was awesome. Still awesome. 114 was the big level yesterday. We talked about that on the video. 1480 needs to confirm to build more. Stock traded a little bit less than 116 traded. You know, close within 30 cents of the highs. There was still coming for big option. This is the call buyers from two days ago. 115, 120, 125. They were coming this morning for the 16, 17, 18 weeklies and the 125s in June. They're still like more upside on Amazon. DVAX didn't confirm. Talk about, here we talk about all the time. Guys, watch for stocks with option flow. This UPST went bonkers, right? Really, really strong. So UPST, they were coming for, oh, I got allergies. I'm about to sneeze in a second. They were coming. Excuse me. They were coming for the 21 and 22 weekly call buyers. 2064 needs to build. Here was UPST, right? Here was UPST. So it took out this 2064, this big candle from a couple of days ago and traded all the way up to 2223. Really, really strong move. Congratulations to all you guys who got that as well. And I believe that is it, right? So look, you can literally tonight go and watch. You could probably find 200 stocks to look good for tomorrow. That's where the market is. The market is strong. The market is aggressive. Let me give you guys a couple of names that could be good for tomorrow, for some fresh ideas, either reclaiming supply or about to reclaim the previous channels high. So let's talk about some names. Rule blocks today. First close above the 50-day moving average. You can see here finally got above this light blue line. The only reason why I stopped it was the Bollinger Band here. Keep an eye on rule blocks. If it could start confirming today's channel, it could start filling in some of this gap all the way up to 44. Apple, we talked about yesterday, not quite yet ready. But again, this thing is setting up just like Microsoft did a couple of days ago, right? You can see it really, really tight here. If Apple could somehow reclaim the 5-day moving average, maybe this thing finally wakes up and joins the party. Because you guys remember, it still hasn't confirmed the earnings high run. So it's very, very close. So if they could reclaim the 5-day moving average in the next day or so, hopefully tomorrow, I think we get back to the highs. So I like Apple there. Let's see what else I like. We talked about Shopify. Microsoft continues to look great. Look at PLTR, right? PLTR had good earnings, had a big run. And this thing is very, very close of taking down this whole range here, right? You see this whole range that started on February the 16th? If they could take out this whole range here, they were coming for September and August like the 11, the 12, the $13 calls. This is a good-looking chart. Best scenario tomorrow when they open this thing week, take some profit takers, trap some shorts at the bottom range, take a red to green and take out the February highs. Because if it does, this thing looks poised for another day. And a small cap stock for you guys to keep an eye on. Look at this GMDA. A nice little chart had a big, big range breakout that had about a month worth of distribution a couple of days ago. If it starts taking out the highs from a couple of days ago, maybe you start your next leg up. That's it, guys. That's it. Sometimes you don't need a whole lot of time to break down the market. The market is strong until it's not stay away from overextended names because if there is a pull in the market, it's always the ones who are, who had a big high-flying potential or have been on the high-flying magic carpet ride. You always want to go for stocks sitting at the bottom range or the middle range that are coming up. Hence my old adage, there's two ways to jump, right? If you're going to jump, jump from the first floor. Don't jump from the tenth because on the first floor, you might get a nick and scratch and maybe bump your knee. On the tenth floor, you might find yourself with a severed head. Guys, God bless. I'll see you all tomorrow. Take care.